The IMF noted the speculative nature of crypto, along with the country's fiscal vulnerability, and recommended caution in expanding exposure to Bitcoin
The International Monetary Fund (IMF) has cautioned El Salvador against increasing its government's involvement with Bitcoin due to the speculative nature of crypto markets.
In a statement on February 10th, the IMF stated that the risks associated with Bitcoin have not yet affected El Salvador as its use of Bitcoin is limited, but the country should exercise caution. The IMF staff recently visited El Salvador.